Forbes: Visa Launches Blockchain System for International B2B Transfers to Compete with SWIFT

Published 3m ago via cryptoexpo.asia

FINEXPO via cryptoexpo.asia

To work in the new sphere, Visa is launching its own blockchain product, which is expected to make transactions cheaper and add transparency. The market is dominated by SWIFT
The majority of transnational payments at the moment are conducted by the Swift system, a Belgian-based giant founded in the early 1970s.

Visa enters the market with blockchain
Visa is also working to raise the speed of transfers for its clients and make them more transparent. Despite the fact that blockchain is used here, unlike cryptocurrency platforms, the Visa B2B Connect service is centralized.

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